24.07.2013

Bank Saint Petersburg announces 1H 2013 results under the Russian accounting standards (RAS)

Bank Saint Petersburg summarized its performance for 1H 2013 under RAS.

Financial highlights for 1H 2013 under RAS:

— Net Income increased 7 times compared with 1H 2012 and amounted to RUB 1.1 bn;

— Net Fee and Commission Income increased by 20.7% compared with 1H 2012 and amounted to RUB 1.2 bn;

— Loan portfolio increased during 1H 2013 by 8.5% to RUB 257.0 bn, retail loan portfolio increased by 33.8% to RUB 35.8 bn;

— Retail customer accounts increased during 1H 2013 by 15.7% to RUB 111.3 bn.

Bank Saint Petersburg is ranked 14th in terms of assets and 16th in terms of retail deposits among the Russian banks (Interfax ranking). Today the Bank provides services to more than 1.2 million individuals and 41 thousand corporates. As at July 1, 2013, the number of cards issued by the Bank is 771 thousand; the Bank’s card network comprised of 582 ATMs. At present Internet-Bank is actively used by 205 thousand clients.

Net Interest Income before provisions for 1H 2013 amounted to RUB 5.7 bn (-1.1% compared with 1H 2012). Net Fee and Commission Income increased by 20.7% compared with 1H 2012 and amounted to RUB 1.2 bn. Net Trading Income for 1H 2013 amounted to RUB 608 mln (RUB 2.6 bn for 1H 2012). Profit before Tax for 1H 2013 amounted to RUB 1.4 bn (+18.7% compared with 1H 2012). Net Income increased 7 times compared with 1H 2012 and amounted to RUB 1.1 bn.

Bank’s assets amounted to RUB 374.2 bn as at July 1, 2013 (+6.6% compared with January 1, 2013;
+8.8% compared with April 1, 2013).

Liabilities. As at July 1, 2013, customer accounts totalled RUB 265.8 bn (+9.1% compared with January 1, 2013; +4.8% compared with April 1, 2013).
Сorporate customer accounts amounted to RUB 154.6 bn (+4.7% compared with January 1, 2013; -0.4% compared with April 1, 2013).
Retail customer accounts amounted to RUB 111.3 bn (+15.7% compared with January 1, 2013; +13.0% compared with April 1, 2013).

As at July 1, 2013, the Bank’s total capital calculated under the CBR regulations amounted to RUB 44.0 bn (+3.5% compared with January 1, 2013; unchanged compared with April 1, 2013). As a result, the capital adequacy ratio (N1) as at July 1, 2013 amounted to 12.1% provided the required regulatory minimum is 10%.

Loan portfolio reached RUB 257.0 bn (+8.5% compared with January 1, 2013; +5.1% compared with April 1, 2013).
Corporate loan portfolio amounted to RUB 221.1 bn (+5.2% compared with January 1, 2013; +3.4% compared with April 1, 2013).
Retail loan portfolio amounted to RUB 35.8 bn (+33.8% compared with January 1, 2013; +17.4% compared with April 1, 2013).
As at July 1, 2013, provisions amounted to RUB 24.5 bn. Provisions-to-loans ratio amounted to 9.5%. As at July 1, 2013, the share of the overdue loans amounted to 3.5%; the level of coverage of the overdue loans by provisions amounted to 273%.

1H 2013 RAS Financial Statements are available on the Bank’s website:
https://www.bspb.ru/investors/ financial-statements /RAS/.

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